In a significant development in the car leasing industry, Khoshaim & Associates (K&A) has successfully advised the Saudi Economic and Development Holding Company (SEDCO) on a complex private share swap transaction. The agreement, signed with the United International Transport Company (Budget), involves SEDCO selling all its shares in Al Jazira Equipment Company Limited (AutoWorld) to […]
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Egypt
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United Arab Emirates
UAE to Invest $35 Billion in Ras El-Hekma in Landmark
In a groundbreaking move set to redefine Egypt’s coastal landscape, ADQ, an Abu Dhabi-based investment and holding company, is spearheading a USD 35 billion investment in the Ras El-Hekma region. The project has been described
Macquarie AirFinance, a prominent provider of aircraft leasing and financing solutions, has entred into an agreement to acquire an additional portfolio of 23 aircraft from Kuwait-based ALAFCO Aviation Lease and Finance Company (“ALAFCO”) for approximately $US1.1
The Saudi Fund for Development has signed a funding agreement with the Tunisian government, committing 55 million US dollars (approximately 173 million dinars) to a project aimed at renovating Tunisia’s phosphate transport railway network. The project,
With General Counsel Richard Morton (pictured) at the helm of its legal department, Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) has joined hands with the United Nations Development Programme (UNDP) to propel the use
International law firm Gowling WLG is reinforcing its International Arbitration practice and disputes team with the appointment of seasoned international construction lawyer, Peter Anagnostou (pictured), in the Middle East. Anagnostou, with over a decade of
Mazghouny & Co has provided legal counsel to Scatec, a Norwegian renewable energy developer, in its collaboration with Misr Aluminium Company (EgyptAlum). The agreement, inked on February 20, 2024, focuses on the development of a groundbreaking 1GW
Giza Systems, a prominent technology solutions provider, has successfully secured financing totaling USD 84 million for a Murabaha facility and EGP 2.82 billion for a Mudharaba facility. These funds are structured to support the expansion initiatives of
Meysan Partners provided legal counsel to UPayments, a prominent online payment solutions provider, in the sale of a 51% stake to the National Bank of Kuwait (“NBK”). This strategic move highlights UPayments’ success in the Fintech
Deal & transactions
Transport
United Arab Emirates
EDGE Group & Fincantieri Forge Multi-Billion Euro Naval Venture
UAE’s EDGE Group and Italian shipbuilder Fincantieri have launched a Multi-Billion Euro Joint Venture, aiming to establish a UAE-based naval manufacturing pipeline worth an estimated 30 billion euros. EDGE, an advanced technology and defence group,
